Detecting Fake Gold Perth Mint bars

[@Philippesdad1]

The 1 oz. gold bar appears to be twice the expected thickness as well.

[@TheSilverSlacker]

Great info! Just proves that we have to be careful when buying PMs.

[@StrahaoftheRace]

Probably chocolate on the inside.

[@captainhowdy9557]

Why bring race into this

[@chromax1956]

It's not race? Have you never eaten chocolate that is wrapped in gold foil to illustrate the idea that its a gold coin?

[@AuRebel]

Interesting test, I would of liked to see you cut it in half to show people.

[@QualitySilverBullion]

Au Rebel Noted. Thanks for the suggestion!

[@NicosMind]

Au Rebel I was waiting for it to be cut in half too

[@kasrak5842]

Same here...

[@JohnnyBGood11]

Quality Silver Bullion You said you bought that from someone?..is that why you did not cut it in half because you got your money back?

[@QualitySilverBullion]

JohnnyBGood11 Hey Johnny. You're exactly right and let me give you an update on what is happening with this case. After these nondestructive tests, we usually would cut it in half and run further tests. Instead, we returned the bar to the seller who confronted the person they bought it from. The Authorities are now involved and are running a larger investigation on this scam. We'll let you know of any further updates.

[@SilverSpeed]

thats sad.... i hate people that make fake items.

[@QualitySilverBullion]

Silver Speed You said it!

[@SilverSpeed]

@@dirkdiggler6230 yes the stick market is manipulated, you only want one tooth pick and then they sell in only boxes of 100 or more. I am outraged!!!!

[@stillkeepin1]

The sound was way off as well.

[@dwdfusion3138]

Man i think this is the best method of testing Gold

[@douglasthompson9070]

Stay away from Ebay! It even rhymes!

[@jamieosgood3409]

You mentioned that it was a bar that you just bought from someone. I'm trying to wrap my head around why you would do these checks before purchasing...unless you purchased online. Anyway, great info.

[@daveware4117]

My theory is that the ammount of counterfit stuff out there will keep the spot price of precious metals low because people not in the know belive there is more of the stuff floating around then there really is. At the same time it should also keep premiums from reputable dealers high because those that are in the know only want to buy from them. I think that in a colapse of the dollar(the reason i stack), every one that intends on using gold or silver as money is going to need to become an expert on detecting fakes and also proving authenticity to people that you wish to trade with. Just my thoughts on the matter, im by no means an expert

[@GAMESTERVISION]

OK so I'm new and want to buy gold bars. I want a 5g and a 2.5 g to start. what site will grantee me real product. I feel like all ebay gold is fake

[@willstaxx0730]

DRAMA L!VE Don’t buy on eBay!!!

[@micahworld]

If the gold and silver pass the gravity test is that good enough testing or should I do more test ?

[@REDPOWERable]

Can anyone help me to find good electric tester for gold? Sure, I'll by the acid one but I prefer to have both.

[@QuarterHoarder]

Pretty interesting video. Do you have to go through all that for every piece of gold you purchase? I don't know much about gold pieces but I'd like to think there must be an easier test to save you some time. Pretty fancy gadgets though.

[@QualitySilverBullion]

Quarter Hoarder I know right? It's a pain, but you can Never be too careful. It's our practice to go through a series of tests when buying gold. Especially when we will be using the gold to melt down and re-mint it into bullion products. In that case, we have even more tests that we have to go through in order to ensure the purity of the gold. Our ISO9001 standard requires us to be exact when it comes to quality. I wish there were an easier way too, but counterfeiters are getting better and better.

[@bosco5652]

That machine that you sell does it only tell you if it's gold or what if it's just partially gold?

[@lark2545]

does the gold bar have to say troy ounce on it? can it say it on the packaging?

[@captainhowdy9557]

It would say 999 or 9999 , and yes the bar would say something pertaining to wait and purity . Not every bar needs a serial number to be real . And wit out destroying the bar you need that machine . If you ever want to find out if yours is real go to a coin shop that has one and act like your selling one to find out . If their nice guys you can guest ask if they can check for you .

[@lakshmanshoor616]

Hi where did u got the gravity chart from. If you could tell me that would be great. Thanks

[@Cloxxki]

You don't even get Tungsten under that outer layer of yellow? HUGE size for a ounce ounce gold bar. Should be noticeable from a distance for a trainded observer...

[@QualitySilverBullion]

Cloxxki Thanks for the comment. We're glad we caught it. Another obvious red flag was that the bar was not sealed in the tamper-evident card. Buyers Beware!

[@Cloxxki]

So the main hint that it might be gold, was the color? :-)

[@QualitySilverBullion]

Cloxxki The main thing that gave it away was the thickness. The quality is very good, but it doesn't have the feel of density. The precious metal verifier picked it up, and the specific gravity clinched it. No need to cut it in half, and we can't really do that because the person that bought it needs to go back through the channels to get their money back.

[@Liedragon]

I still don't get the specific gravity measurement? Would it not be the same for a bar which weighs the same but is made from a different material. I've tried researching it but still getting confused. I understand buoyant force and displacement but can't see how it differs if the object weighs the same. Someone help?

[@MrAstinus111]

Liedragon the test shows the metal objects natural tendency to float. The different metals will be more( heavier) or less( lighter) susceptible to floating depending on the makeup and purity of the metal. Therefore putting less weight or more in the water. Probably a more scientific explanation out there but I believe that's as simple as it can get.

[@Liedragon]

Cheers man.

[@stankdog1357]

Gravity test gets density in gm/cm^2. Water displaced in relation to weight. Nothing about metal “floating”.

[@brassj67]

Think about what the weight would be if you put in 31g of water. it would weigh 31g because it is the same density as the water in the glass....right? Now put 31g of aluminium in the water that is about 2.5 times as dense as water. It is more dense so will have less volume, so it will appear to weigh less than the water. in fact it will appear to weigh 31/2.5 = 12.4g. Now the gold has a specific gravity of 19.32 so is much more dense than water or aluminium and will take up much less volume and would appear to weigh 31/19.32=1.6g I hope this explains what is going on

[@Tbone42tx]

I won't buy gold unless it's from a company online..apmex/provident etc. Or my local coin shop he tests all gold that's brought in he has a very expensive machine....always check if the price is to good that should give it away

[@chocolatier9597]

How about JM Bullion?

[@TheRealFrankSerpico]

Some stainless steel is very magnetic, just depends on what type, it could be one of two main types, austenitic and ferritic, stainless steel.

[@dellrugby]

For some reason, I keep adding you but the sub keeps getting removed...

[@dpqbpqbdpqbpqb4754]

I dont get it. The gold is suspended, and should therefore not register on the scale, right?!?!?!

[@suckmesexy9973]

it's measuring the weight of displacement. specific gravity

[@dpqbpqbdpqbpqb4754]

BRANDON VANDYKE Ok, got it, you dont understand either....

[@suckmesexy9973]

Lol

[@suckmesexy9973]

Do some research dipshit

[@dpqbpqbdpqbpqb4754]

SUCKme Sexy Its ok, I dont understand either. You shouldnt be so embarrassed.

[@bosco5652]

How good is that machine that you sell and how much is it?

[@SalivateMetal]

Very interesting. I assume it didn't come in an assay card? Also, it looks thicker than the real thing. If it is indeed steel, it would feel lighter in hand too as gold is so dense. I'm surprised they wouldn't fake these using tungsten. Great specific gravity test to verify the test you showed at the beginning!

[@QualitySilverBullion]

SalivateMetal The one thing about the Perth gold bars is that they are smaller than other mints one ounce bars, so they are thicker than those, so you couldn't compare the thickness of a Credit Suisse or PAMP Suisse bar with a Perth bar for thickness. But it is thicker than it should be. It would be wise for everyone to keep a cheat sheet with the dimensions of real bars, rounds and coins.

[@SalivateMetal]

Excellent advice!

[@mechanicalboss430]

Does that mean that all Perth mint bars are fake

[@willstaxx0730]

Mechanical Boss I know right!! Don’t buy on eBay

[@Dezell4979]

Gold is very dense so fake bar are very thick.. Simply lay it flat... You'll see the difference.

[@marktravis781]

Thanks for the heads up...but only the cheapest of fake bullion is different than real gold...gold plated tungsten is identical in mass density as solid gold. If the skeptics that doubt this video, would only search "tungsten gold bars"on Alibaba, they would see hundreds of 1 oz bars and coin that are indistinguishable from the real thing, complete with engraved serial numbers...And you can buy these 1 oz gold bars for less than $2.50 on Alibaba...What do you think are happening to these fake gold pieces?

[@canuck21]

It looks thick.

[@QualitySilverBullion]

Good Eye! It is thicker than a real PM bar, and that was one of the first things we noticed as well. The PMV confirmed the suspicion.

[@HiFiMaan]

Please tell what is the difference exactly. What is thick-dimension of original and fake one. Thanks.

[@johneygd]

But how reliable is this test,Is it 100% accurate?

[@truthkeeperfilms]

Never buy thick gold. Always get something thin that can't be filled and buy from a reputable dealer who tests their gold. Scottsdale Silver, JMBullion does tests before selling.

[@criticaljim1]

It's so chunky, no test needed. it's as thick as a chocolate bar

[@dellrugby]

I am just delighted that I can go to Doha Bank here in Qatar and Pamp bars at just a little above spot. Thanks for the information.

[@dellrugby]

I think you are right, especially for those of us with limited funds, or who are new to stacking

[@vuralk9528]

a friend of mine got scamed with the Same fake gold He asked me to Check it and i Did it with the old fassion i just bite on it and guess what it was Not soft so whats wrong with this gold?

[@QualitySilverBullion]

It depends on the karat of the gold. 24 kt. is pretty soft, but 22 kt, like American Gold Eagles is much harder. Lead is soft too, so that isn't a good test.

[@vuralk9528]

+Quality Silver Bullion yeah but it was copper

[@captainhowdy9557]

24k is soft you can use your nail . No need to break teeth ! 😷

[@vuralk9528]

+Lucky Grey my Teeth are ok 😉 but thx

[@thelucky2133]

bought one like this from wish, there are plenty of them for less than 10 dollars. They come with assay card!

[@adamwhite4247]

What is the best site to buy real gold at?? This will be my first time buying gold

[@bcbconklin]

any big dealer is good; not Ebay.

[@michaels5368]

Alfred Newman all of the big dealers are on ebay too. it is just an easier way to buy from them.

[@bcbconklin]

Michael s I would buy direct from the mints; got cheated on Ebay too many times.

[@theprince6590]

Was that a 5gram or 10gram gold bar?

[@saurabhsnrg]

31 grams

[@theprince6590]

So all 31 grams are that size?

[@saurabhsnrg]

gold. yes if it is in bar shapped.

[@colinmurphy2214]

Why would you buy that bar off of someone when it’s so obviously fake

[@jellyboy123]

you can buy them fake bars on ebay.

[@John-lc2lz]

Measure the dimensions, it's way too thick

[@81silvermj]

Uh oh, where's Jim?

[@superboy305]

Excellent video.

[@infoESMC]

Don't need all that fancy equipment to see that that bar is a fake, look how thick it is, also the letters and design are not true in detail, so you would have to be a fool to buy it thinking it was real a gold bar. The ping test should be the first thing you do, it never fails. BTW: That machine is a joke I had bought that thing a year ago and sent it right back, it was all over the place when reading silver bars & gold, and NGC/PCGS Coins from the same plastic sheet of 20, plus I tested other items and it was again all over the place. I was told the bars may have been to warm to test them from the heat of your hand and so on, what a shit show that was, than he sent me out another tester same shit happened, he was so sure that the machine was right and I was wrong or the bars were fake, so I drilled holes in the 10oz Silver JM Bars and showed him that they were pure silver, bought at Apmex, JMRC & Gainsville Coins, that tester is worth nothing, and they sell for over $700, it was garbage in my opinion. If you have any question or need help -Holla !!

[@QualitySilverBullion]

Raymond. R Welcome back Raymond. As we discussed before, we have a different opinion about the Precious Metal Verifier. Obviously the machine caught this fake, along with some other non-destructive tests we ran. Just by catching this one fake gold bar, the precious metal verifier paid for itself almost twice. I'm sorry you had a bad experience with the machine, and hopefully you got a refund from whoever you bought it from.As far as the ping test: kzbin.info/www/bejne/qZ2cqYqqpc2cgZo

[@95anvar]

thanks for a review!

[@sydcorp_innovation_asf9338]

I hope you didn't buy it from Australia's Perth Mint?? right??

[@goodtimetraveler8261]

Don't you think the wafer thickness is a dead giveaway?? That bar is almost as thick as a 5oz bar. *If you want to sleep well - never buy gold from anyone or anywhere but a bank.*

[@saphserg5221]

or a trusted mint hat makes the gold bar themself

[@Koyoshinkai]

Do not buy from other people unless you are going to verify the gold, before you part with your own hard cash, stick with reputable dealers they already do that for you before they buy the gold.

[@jeffghant4760]

Well, that sucks. Who did you buy it from? Please don't say ebay.

[@oftheearth]

test and test again. every time ~>

[@plasticdadaii8225]

SCIENCE!

[@AzarroFineArts]

new subscriber and a thumbs up

[@QualitySilverBullion]

Silverino Thanks Silverino. Likewise...

[@BrianTheLog]

You should have cut it... or send it to CyberCurtainTwitcher for destruction!

[@CyberCurtainTwitcher]

Brian TheLog Yeah Brian, we haven't yet had the pleasure of destroying some fake gold!

[@charliebecker4417]

Shouldn't you test it BEFORE YOU BUY IT?

[@believeme5903]

WHAT.......YOU DIDN'T CUT IT HALF..........WHY NOT!

[@mikewoodman2872]

A

[@dabibey8]

you bought it from someone and not the MINT thats stupid

[@ThatsToughTV]

Mean density because gravity does not exist. It's just density we live on a flat earth brother.

[@Solinvic]

FLAT EARTH RC TRUTH SKEEING Do you have proof that gravity doesnt exist?

[@ThePerthMintAustralia]

Check our recent blog post on this topic Don't Get Duped By Fake Minted Bars www.perthmintbullion.com/blog/blog/15-05-20/Don_t_Get_Duped_By_Fake_Minted_Bars.aspx

[@QualitySilverBullion]

Perth Mint Great Article! Thanks for sharing.

[@sky032547]

+Perth Mint yes, but this only applies to the new black cased bars, what about the older bars that was sold in the blueish cases and those serial numbers?

[@sky032547]

+Perth Mint some of your bars have letters in front of the serial numbers some don't, I am talking about the older bars, for example from aroun 2 or 3 years ago.

[@aje2498]

+AquaPol I know exactly what you mean. I traded for an older bar in this greenish assay card today and now I'm scared to death that it may be fake aggghhh, fucking crooks in this world.

[@sky032547]

Austin Eby well I would stay away from the perth mint products, I prefer canadian products anyways.

[@Stokjockey]

This video was not done very well, its like you left everybody hanging at the end............

[@QualitySilverBullion]

Stokjockey Thanks for the feedback. The camerawork was super shaky, so sorry about that. We focused on getting the information out and unfortunately neglected the aesthetics. As far as leaving you hanging, where can I fill in the blanks?

[@Stokjockey]

Quality Silver Bullion I just thought maybe you were going to cut the bar open so that the viewers could see the inside of the bar.

[@QualitySilverBullion]

Stokjockey I see. This bar came in with some other gold that a customer sold to us, and because it's not gold we are sending the bar back to them. Because we already know it's not gold we will return it to the customer fully intact. They are planning to get the police involved when confronting the original seller of the bar. Now that would make for a great video ;-) It seems that you're not the only one that wanted to see the fake bar cut open, so we will create a future video cutting some pieces in half.

[@Stokjockey]

Quality Silver Bullion Right on and Thank you for your explanation !!!

[@Double66s]

Quality Silver Bullion Number one reason I never buy Perth Mint gold bars is to many fakes and dealers will not buy them back when they are not in the Mint card they come sealed in, also I have been told that because the bar is not serialized to match the card some dealers won't even buy them back in the original Mint seal. I know this from experience and never again will I buy a Perth Mint gold bar. Just not enough security for me, I will stick to PAMP or RCM when it comes to bars.